Iván Martinez Urquijo is Principal Economist in the Banking and Financial System Unit. He is in charge of analysing the dynamics of Mexico’s banking system deposits and credit portfolios and monitoring the performance of the main institutions of the Mexican financial system.
Previously, he worked at BBVA Research Macroeconomic Analysis team as a Senior Economist. In this position Ivan was in charge of monitoring financial markets and performing analysis on monetary policy, exchange rate and interest rates.Before joining BBVA, Ivan worked as a Senior Analyst at the Financial Investment Unit of the Mexican Institute of Social Security (IMSS), a department in charge of the asset allocation of Insitute’s reserves and pension fund resources.He holds a BSc in Economics and a MSc in Finance from ITAM. At present he is in the process of earning the CFA certification.November 13, 2024
In September, current credit to the NFPS slowed down 0.5% YoY in real terms, as a result of the lower dynamism of consumer and business credit. Traditional deposits decelerated 0.6% YoY in real terms, as a consequence of the continued weakness of term deposits. A feeble economic activity seems to lie beneath both dynamics.
October 16, 2024
In August, both deposits and credit rose in annual terms with respect to July, supported, in part, by the accounting effect of the exchange rate depreciation. Companies and other financial intermediaries were behind the increase in deposits, while consumer and business credit supported credit.
September 19, 2024
The economic slowdown is already showing effects on banking activity. In July, credit to the non-financial private sector registered a widespread weakening, while traditional deposits grew less than in June, even considering the boosting effect of the exchange rate depreciation.
